Word: lawsuit
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...long ago, the three NASDAQ-listed Chinese Internet portals, or chortals, were serious dogs. Trading in NetEase was suspended for four months last year as the company sorted through earnings misstatements and a shareholder lawsuit. Sohu's stock bottomed out in April 2001 at 60, and Sina's shares dove from $54.50 that spring to $1.07 some 18 months later...
...ever walked past a McDonald's and smelled that delectable grease should know it's a house of gastronomic excess. No food establishment that leaves your fingers glistening and your clothes smelling like sizzled meat can be good for you. So it's tempting to scoff at the lawsuit heard in a Manhattan court last week on behalf of overweight New Yorkers who say McDonald's food made them fat. And scoff folks did--on chat shows, in the papers, even overseas. "Perhaps they should also take out a lawsuit against staff for saying 'Have a nice day' when...
...question before the court was why Michael Jackson failed to play two concerts. The question on everyone's mind was, How can he look even freakier than the last time he appeared in public? Jackson showed up in court to defend himself against a $21 million lawsuit filed by promoter Marcel Avram, who claims Jackson illegally backed out of two millennial concerts. Jackson says Avram called them off. For his first day of testimony, Jackson arrived wearing his familiar surgical mask, which he removed when he took the stand, revealing sparse facial stubble and an unexplained bandage...
...lawsuit that has strained relations between the U.S. and the Saudi royal family is about to strain them even further. Not long ago, 3,000 relatives of Sept. 11 victims filed a $1 trillion lawsuit against members of the Saudi royal family and others, alleging that they helped finance the 9/11 attacks. Sources tell TIME that 50 new defendants are about to be added to the list of 100 already named. Prime among them is likely to be Saudi Minister of the Interior Prince Naif. Another likely target is the Saudi American Bank (SAMBA), the kingdom's second largest financial...
...security grounds. And senior figures in the State Department, sources tell TIME, are arguing that the litigation should be done away with before it impedes Saudi cooperation in a possible war against Iraq. But that view is not shared by everyone. Some Justice and Treasury Department officials see the lawsuit as a useful tool to pressure the Saudis into defunding al-Qaeda." The Saudis have offered piecemeal cooperation that has led to some successes," says a frustrated senior U.S. official. "Now it's time for an approach that produces greater results...